FinTech Money Transfer

Money transfer companies include primarily peer-to-peer platforms to transfer money between individuals across countries.

Send money abroad to 190+ countries, in over 70 currencies. With Azimo, you can easily transfer money abroad, directly to a bank account, cash pick-up or even to top-up a pre-paid mobile phone.

CurrencyFair is an online peer-to-peer currency exchange market place.

Chops the high fees individuals and small businesses pay for international money transfers by (invisibly to customers) matching buyers and sellers of each currency.

BONA FIDES: Customers transfer $750 million on the platform a month

FUNDING: $91 million from Peter Thiel, Richard Branson, Andreessen Horowitz

THREAT TO: Big banks’ money-transfer profits, Western Union

Fast and cheap money transfer. Swaps different currencies directly.

Phone app for money transfers to Third World, typically charging 2% to 3% on a $200 transfer, compared with 8% current average.

FUNDING: $147 million from Accel Partners, Technology Crossover Ventures